Question
Explain the answer. Josephus, an unmarried taxpayer filing single with no dependents, has AGI of $1,200,000 and reports the following items in 2019: Taxable income
Explain the answer.
Josephus, an unmarried taxpayer filing single with no dependents, has AGI of $1,200,000 and reports the following items in 2019:
Taxable income $ 700,000
Tax preferences 40,000 AMT
Adjustments related to itemized deductions 30,000
Regular tax liability $ 150,000
What is Josephus's AMT liability for 2019?
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Business Intelligence A Managerial Perspective on Analytics
Authors: Ramesh Sharda, Dursun Delen, Efraim Turban
3rd edition
133051056, 978-0133051056
